USDJPY JAIL BREAK
16
Oct
2012
2012
The USDJPY managed to break above the descending trend line that has capped recent price action on Tuesday. The pair is now consolidating near the monthly high at 78.85. A hold above this level favors a rotation higher towards 79.65. A break lower finds support almost instantly at past TL resistance at 78.60.
Keane Plan…Watching price action at the 78.85 level a Hold favors a push higher.
Sup 78.60 78.85
Res 79.65
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